Each salesperson in a large department store chain is rated, Econometrics

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Each salesperson in a large department store chain is rated

Each salesperson in a large department store chain is rated on their sales ability and their potential for advancement. The data for the 500 sampled salespeople are summarized in the table below:
Sales Ability: Fair Good Excellent
Below Average 16 12 22
Average 45 60 45
Above Average 93 72 135

(a) What is the probability that a salesperson selected at random has above average sales ability and is an excellent potential for advancement?

(b) What is the probability that a salesperson selected at random will have average sales ability an and good potential for advancement?

(c) What is the probability that a salesperson selected at random will have below average sales ability and fair potential for advancement?

(d) What is the probability that a salesperson selected at random will have an excellent potential for advancement given they also have above average sales ability?

(e) What is the probability that a salesperson selected at random will have an excellent potential for advancement given they also have average sales ability?

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Econometrics: Each salesperson in a large department store chain is rated

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Econometrics: Each salesperson in a large department store chain is rated

Reference No:- TGS0584376

Have a Question? (oR Write a Review)

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Reference No:- TGS0584376

Recent Questions Asked Econometrics

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